Interagency Guidance on Asset Securitization Activities

ICR 201007-1550-001

OMB: 1550-0104

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2007-06-29
Supporting Statement A
2010-09-14
IC Document Collections
IC ID
Document
Title
Status
19973
Modified
ICR Details
1550-0104 201007-1550-001
Historical Active 200706-1550-001
TREAS/OTS
Interagency Guidance on Asset Securitization Activities
Revision of a currently approved collection   No
Regular
Approved with change 09/14/2010
Retrieve Notice of Action (NOA) 07/08/2010
Per OMB request, agency addressed inconsistencies in burden hour estimate changes.
  Inventory as of this Action Requested Previously Approved
09/30/2013 36 Months From Approved 09/30/2010
15 0 19
300 0 190
0 0 0

OTS has determined that some institutions involved in asset securitization activities have significant weaknesses in their asset securitization practices. Thrift management will use these information collections as the basis for the safe and sound operation of their asset securitization activities and to ensure that they minimize operational risk in these activities. OTS will use this information to evaluate the quality of an institution's risk management practices. OTS will also use the information to assist institutions without supervision of their asset securitization activities to implement corrective action to conduct these activities in a safe and sound manner.

None
None

Not associated with rulemaking

  75 FR 86 05/05/2010
75 FR 130 07/08/2010
No

1
IC Title Form No. Form Name
Interagency Guidance on Asset Securitization Activities

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 15 19 0 0 -4 0
Annual Time Burden (Hours) 300 190 0 0 110 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
OTS is citing an increase in the inventory burden due to the agency recalculating the response time from 10 hours to 20 hours. Institution management will use these information collections as the basis for the safe and sound operation of their asset securitization activities and to ensure that they minimize operational risk in these activities. OTS will use this information to evaluate the quality of an institution’s risk management practices. OTS will also use the information to assist institutions without proper supervision of their asset securitization activities to implement corrective action to conduct these activities in a safe and sound manner.

$0
No
No
No
Uncollected
No
Uncollected
William Magrini 202 906-5744

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
07/08/2010


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